One good thing about these times: Food prices are dropping because of deflation. Cooking Thanksgiving dinner? It's a good year for you! The average cost for a ten-person Turkey Day meal with all the trimmings is $42.91, down 4% from last year, according to the American Farm Bureau Federation. The price of the 16-pound turkey alone? Only $18.65, down more than 5% since last year.
We've prepared a list of tips to help you save on the big dinner:
It Pays to Be Wholesome
Wholesome foods are may be becoming more affordable, but highly-processed foods like pumpkin pie mix, pie shells, and stuffing cubes have gone up in cost.
Buy Your Turkey at... Walmart?
Yep. Walmart is advertising a Thanksgiving dinner to feed eight people for $20. The package includes turkey, vegetables, cranberry sauce, stuffing, potatoes, dinner rolls, and a pumpkin roll cake.
Take Advantage of This Year's Special Thanksgiving Promotions
We surfed online forums for the best money-saving Thanksgiving tips, and we found one blogger who put together the entire holiday meal for less than $7, just by seeking out coupons. Promotional prices abound, from gravy to dinner rolls to veggies and pie filling.
There’s One Really Easy Way to Save
When guests offer to bring something take them up on it. And, the best way to get what you want is to assign a food item. Just give ’em something easy like green bean casserole, and then scratch it off your list.
Plan ahead. If you opt for a pre-made Thanksgiving meal, it will cost you. FreshDirect’s full dinner for about ten people costs $200. If an average ten-person meal is $40, that's 5 times the cost!
LearnVest wishes you a happy, healthy, and not-too-expensive Thanksgiving! Because, remember, it doesn’t pay to be broke.